Oil could advance tomorrowThere are certainly more than enough negative reasons for lower Oil but on top of everything else Oil inventory came in with surpluses plus you have the US stating that they will be relentless at continuing to raise Interest Rates and right now any positive market data showing that the US is still robust actually works against growth because it signals the FED needs to keep raising rates higher on strong market data. Maybe next week now that everyone is done dealing with OPEC and the FED Oil will come into its own and find direction, it's going to be rough but at the end of the day the question is will OPEC cuts deliver $95+ Oil or does the promise of a global deep recession have a greater grip on the price of Oil keeping it trading in the $85+, It's a certainty that Oil will be back in the $90+ and needs to do it before the economy worsens and with Oil every day or 2 there's economic market sensitive data being released and that's what's going to be working against higher Oil wanting to push it to lower all the time so one hopes that OPEC cuts alone will keep Oil higher. We were there in June with $100+ Oil and a bullish economy extremely tight and Oil couldn't stay high so compared to now with economies contraction will it be able in staying there is my only concern. Today broke the losing streak, BTE had a great day recovering lost ground, and Oil at $89 came up quickly making for a great trading day buying cheap in the $6.35+ with a spread hitting $6.80 all due to Oil rising while trading, I could take a few more trading days like today. Now It's in the hands of the US traders how our week will end. Oil up even $0.75 tomorrow would be a great way to end the week and if it's lower that wouldn't come as a surprise but Oil needs direction and there's no reason to sell shares because Oil is still in an uptrend and is up $13 from Sept 26th BTE started Oct 3rd at $6.31 and is at $6.68 so even after giving some back from the closing of $7.23 BTE is still up solid and I think oversold.